User Account

All Pages

Journalize the adjusting entry to record the accrued fees

Assignment Help Financial Accounting
Reference no: EM132738759

Problem - At the end of the current year, $59,500 of fees have been earned but have not been billed to clients.

Required -

a. Journalize the adjusting entry to record the accrued fees.

b. If the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary? Explain.

Reference no: EM132738759

Questions Cloud

Closed-loop process control transfer function : A first-order element under control is combined with a proportional controller. The closed-loop process control transfer function is: PV/R = 0.68/ (1+1.55s).
Discuss current challenges to widespread telemedicine use : Discuss 3 current challenges to widespread telemedicine use. Why is a common standard necessary for transmitting and displaying medical images?
Which statements is correct concerning job-order costing : Which statements is correct concerning job-order costing? Job-order costing is mainly used in firms with homogeneous products such as oil refineries.
Overall bode gain and phase plots : Given the following overall transfer function of a controller: 3.16/ [(1+2s)s) draw the individual and overall Bode gain and phase plots.
Journalize the adjusting entry to record the accrued fees : At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. Journalize the adjusting entry to record the accrued fees
Define steps that you can do to protect yourself online : Prepare a one to two page paper on some of the various types of data mining and statistical software and the features thereof. Please double space your paper.
Which organizational group that advises technical function : Which the Financial accounting and cost accounting are both highly concerned with? providing managers with information necessary for control purposes.
Describe briefly current health problem or nutritional : Describe briefly a current health problem or nutritional need that you are experiencing, or a health or nutrition problem you can foresee experiencing
Journalize the adjusting entry required at the end of year : Journalize the adjusting entry required at the end of the year, assuming the amount of supplies on hand is $2,980

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd